Accounting Courses

ACTG 0N01
Work Placement I
First co-op work placement (4 months) with an approved employer.
Restriction: open to BAcc Co-op students.

ACTG 0N02
Work Placement II
Second co-op work placement (4 months) with an approved employer.
Restriction: open to BAcc Co-op students.

ACTG 0N03
Work Placement III
Third co-op work placement (4 months) with an approved employer.
Restriction: open to BAcc Co-op students.

ACTG 0N04
Work Placement IV
Optional co-op work placement (4 months) with an approved employer.
Restriction: open to BAcc Co-op students.

ACTG 0N05
Work Placement V
Optional co-op work placement (4 months) with an approved employer.
Restriction: open to BAcc Co-op students.

ACTG 1P11
Introduction to Accounting I
Nature and role of accounting information for planning, decision making, control and external reporting by businesses and other economic organizations.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors.
Note: enrolment limited to 45 students per section.
Completion of this course will replace previous assigned grade in ACTG 1P91.

ACTG 1P12
Introduction to Accounting II
Continuation of ACTG 1P11 emphasizing the application of various accounting concepts to generate information for a variety of purposes.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors.
Prerequisite: ACTG 1P11.
Note: enrolment limited to 45 students per section.
Completion of this course will replace previous assigned grade in ACTG 1P92 and 2P12.

ACTG 1P71
The Legal Environment of Business
Canadian legal system as it affects the modern business environment, in particular the accounting professional. Topics include financial disclosure and aud requirements, corporate finance and securities, corporate capacity and agency and professional liability for negligence and other business torts.
Lectures, seminar, 3 hours per week.
Restriction: open to BAcc majors.
Note: enrolment limited to 65 students per section.
Completion of this course will replace previous assigned grade in ACTG 2P40.

ACTG 1P91
Introduction to Financial Accounting
Fundamental concepts of financial accounting as related to the balance sheet, income statement and statement of cash flow. Problems of income determination, asset and equity measurements and analysis of financial statements.
Lectures, discussion, 3 hours per week.
Restriction: open to BBA, BBE, BCB, TOUR and combined Business majors until date specified in BIRT guide.
Note: enrolment limited to 45 students per section.
Completion of this course will replace previous assigned grade in ACTG 1P11.

ACTG 2P12
Introduction to Management Accounting
Accounting for managerial decision-making, including relevant data, various cost accounting systems and breakeven analysis.
Lectures, discussion, 3 hours per week.
Restriction: open to BBA, BBE, BCB, TOUR and combined Business majors until date specified in BIRT guide.
Prerequisite: ACTG 1P91.
Note: enrolment limited to 45 students per section.
Completion of this course will replace previous assigned grade in ACTG 1P12 and 1P92.

ACTG 2P21
Cost And Managerial Accounting I
Internal recording systems devised to implement and guide management planning and control emphasizing cost finding, product costing, cost behaviour and cost allocations as well as analysis and communication of relevant information to users in a professional manner.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors, BBA students approved to the accounting concentration and BBE Financial Economics option students. In Spring Term open to BAcc Co-op majors until date specified in BIRT guide.
Prerequisite: ACTG 1P12, 2P12 or permission of the instructor.
Note: enrolment limited to 40 students per section.

ACTG 2P31
Accounting for External Reporting I
Theory and practice of financial statement preparation including the measurement, reporting and disclosure of assets, liabilities, equity, revenue and expenses with specific reference to generally accepted accounting principles.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors and BBA students approved to the accounting concentration.
Prerequisite: ACTG 1P12, 2P12 or permission of the instructor.
Note: enrolment limited to 40 students per section.

ACTG 2P32
Accounting for External Reporting II
Theory and practice of financial statement preparation in accordance with generally accepted accounting principles.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors and BBA students approved to the accounting concentration. In Spring Term open to BAcc Co-op majors until date specified in BIRT guide.
Prerequisite: ACTG 2P31 or permission of the instructor.
Note: enrolment limited to 40 students per section.

ACTG 2P40
Commercial Law
Basic legal considerations for the business organization.
Lectures, discussion, 3 hours per week.
Note: enrolment limited to 45 students per section.
Completion of this course will replace previous assigned grade in ACTG 1P71.

ACTG 3P11
Auditing Concepts
Nature of verification, audit evidence, testing, the elements of effective control structures, the use of statistical sampling and evolution of external, internal and comprehensive auditing.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors and BBA students approved to the accounting concentration. In Spring Term open to BAcc Co-op majors until date specified in BIRT guide.
Prerequisite: ACTG 3P97 (3P22 or MGMT 4P12) or permission of the instructor.
Note: enrolment limited to 40 students per section.

ACTG 3P23
Cost And Managerial Accounting II
Topics include performance evaluation, divisional performance measurement, transfer pricing, behavioural implications of accounting information and current issues as well as analysis and communication of relevant information to users in a professional manner.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors. In Spring Session open to BAcc Co-op majors until date specified in BIRT guide.
Prerequisite: ACTG 2P21 or permission of the instructor.
Note: enrolment limited to 40 students per section.

ACTG 3P33
Accounting for External Reporting III
Theory and practice of financial statement preparation in accordance with generally accepted accounting principles.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors. In Spring Session open to BAcc Co-op majors until date specified in BIRT guide.
Prerequisite: ACTG 2P32 or permission of the instructor.
Note: enrolment limited to 40 students per section.

ACTG 3P41
Taxation I
Principles underlying federal income taxation in Canada through an analysis of the Income Tax Act, R.S.C., as amended. Computation of net income for tax purposes is examined in detail.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors. In Spring Session open to BAcc Co-op students until date specified in BIRT guide.
Prerequisite: ACTG 1P12, 2P12 or permission of the instructor.
Note: enrolment limited to 40 students per section.

ACTG 3P97
Accounting Information Systems
Emphasis on the design and implementation of systems and controls within the context of a management information system.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors and BBA students approved to the accounting concentration.
Prerequisites: ACTG 1P12 or 2P12; ITIS 1P97 or permission of the instructor.
Note: enrolment limited to 40 students per section.
Completion of this course will replace previous assigned grade in ACTG 3P22, ITIS 3P97 and MGMT 4P12.

ACTG 4P03
Financial Analysis
(also offered as FNCE 4P03)
Importance and use of financial statement information in areas such as analysis of credit, equity investment, industry and competitors, analysis of mergers and acquisitions and the firm's strategy in communicating information to capital markets.
Lectures, case discussion, 3 hours per week.
Restriction: open to BBA students approved to the finance concentration, BAcc students and BBE financial economics option students until date specified in BIRT guide. After that date, open to BAcc, BBA, BBE, BCB and combined Business majors.
Prerequisite: FNCE 3P93 or permission of the instructor.
Note: enrolment limited to 40 students per section.

ACTG 4P11
Accounting Theory
Mathematical, economic and behavioural foundations of accounting theory including the need for and development of standards, a conceptual framework, alternatives to present accounting models and current issues.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors with a minimum of 12.0 overall credits.
Prerequisite: ACTG 3P33 or permission of the instructor.
Note: enrolment limited to 40 students per section.

ACTG 4P12
Integration and Problem Solving
Problem solving which integrates the sub disciplines of accounting in the context of a wider view of organizations through the examination of a variety of applied and theoretical issues.
Cases, discussion, 3 hours per week.
Restriction: open to BAcc majors.
Prerequisites: ACTG 3P23 and 4P34 or permission of the instructor.
Note: ACTG 4P34 may be taken concurrently. Enrolment limited to 40 students per section.

ACTG 4P34
Accounting for External Reporting IV
Theory and practice of financial statement preparation in accordance with generally accepted accounting principles emphasizing accounting for complex business organizations and not-for-profit organizations.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors. In Spring Session open to BAcc Co-op majors until date specified in BIRT guide. In Fall Term not open to BAcc Co-op majors without permission of the instructor.
Prerequisite: ACTG 3P33 or permission of the instructor.
Note: enrolment limited to 40 students per section.

ACTG 4P40
Tax Strategies for Planning and Decision Making
Principles of individual and corporate taxation emphasizing the effects of federal and sub federal income taxes on decision making in business.
Lectures, discussion, cases, 3 hours per week.
Restriction: open to BBA, BBE Financial Economics option students and combined Business majors with a minimum of 10.0 overall credits; not open to BAcc majors.
Prerequisite: ACTG 1P12, 2P12 or permission of the instructor.
Note: enrolment limited to 40 students per section.

ACTG 4P41
Taxation II
Computation of taxable income and taxes payable for individuals and corporations. Rights and obligations of the taxpayer. Determination of the effects of federal income taxes on decision-making.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors.
Prerequisite: ACTG 3P41 or permission of the instructor.
Note: enrolment limited to 40 students per section.

ACTG 4P42
Taxation III
Topics include tax implications of changes in corporate structures, corporate distributions, rollovers and shareholder/manager remuneration, trusts and partnerships.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors. In Spring Session open to BAcc Co-op majors until date specified in BIRT guide.
Prerequisite: ACTG 4P41 or permission of the instructor.
Note: enrolment limited to 40 students per section.

ACTG 4P61
External Auditing I
Financial statement audit including the professional and legal responsibilities of the auditor, generally accepted auditing standards, risk, materiality and the planning and execution of the audit.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors with a minimum of 12.0 overall credits. In Spring Session open to BAcc Co-op majors until date specified in BIRT guide. In Fall Term not open to BAcc co-op majors without permission of the instructor.
Prerequisite: ACTG 3P11 or permission of the instructor.
Note: enrolment limited to 40 students per section.

ACTG 4P62
External Auditing II
emphasis on the completion of the audit, evaluation of results, audit reports, review engagements and current topics.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc majors.
Prerequisite: ACTG 4P61 or permission of the instructor.
Note: enrolment limited to 40 students per section.

ACTG 4P91
Research Topic
Directed intensive study or research under the supervision of a faculty member in an area in which the student has shown particular competence.
Restriction: open to BAcc, BBA and combined Business majors with a minimum of 13.5 overall credits and permission of the Chair and supervising faculty member.
Note: to be chosen in consultation with the supervising faculty member.

ACTG 4V90-4V99
Topics in Accounting
Courses in specialized areas within the discipline.
Lectures, discussion, 3 hours per week.
Restriction: open to BAcc, BBA and combined Business majors.